What's the real cause of the Bitcoin bloodbath?!
Not sure if it's my sixth sense or my newly gained 420 IQ prediction powers from watching about 100 episodes of JoJo's Bizzare Adventure in the past 2 weeks, but I managed to hedge my position pretty nicely in the recent Bitcoin dip.
It was a hunch that came from seeing Bakkt, Bakkt, and Bakkt outside of crypto Steem over the past week. I had guessed then that the market would've already priced-in the hype on Bitcoin and it was about to fall soon after Bakkt Bakkt'd up. It could even be people cashing out for emergency Lambos and mansions.. or a million other reasons, but whatever.
Base image source: Pexels
Anyway, forget about all the nonsense I just said above lol. Sorry for the clickbait. I actually just wanted to share this news:-
Ohad Asor from IDNI's Tau-Chain & Agoras just recently published a new blogpost on "Consensus and Options" around the same day when Bakkt opened its doors. Have a read, particularly on the explanation of "risk free interest without inflation" using the Black-Scholes model.
And there's a fresh github commit on Tau Alpha today! Currently, there are 4 developers working on the meat of the project, so hopefully we're getting closer to a product that we can all use to begin discovering its potential. It has been a long wait.
Obviously, this news isn't the cause of the bloodbath, if it can even be considered one in the first place. But I still think that crypto in general is really just waiting for a technology like Tau for its next breakthrough. *crypto zombie mode*
Github repository: https://github.com/IDNI
My introduction post on it: https://steemit.com/blockchain/@kevinwong/what-is-tauchain-and-why-it-could-be-one-of-the-greatest-inventions-of-all-time-part-1